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What else can I help you with?
Do many banks pay interest on the money you deposit into your savings account?
Yes, many banks pay interest on the money you deposit into your savings account.
What do banks pay to their savings account customer?
Interest
What banks pay to their savings account customers?
Interest
What do banks pay at to their savings account customers?
Interest. Apex. The interest rate is a certain percentage of how much you have in the savings account that the bank will pay you annually. I highly suggest watching Graham Stephan on YouTube to learn about the best high interest savings accounts so you can make money for saving!
With what can users access account balances pay bills and copy monthly transactions from a banks computer right into their personal computers?
People can access their account balances on their personal computers, by visiting their banks website. Users can log in, pay bills and view monthly statements.
How can saving improve an individuals quality of life How can banks help?
Saving can help pay for emergencies, buy things you want, and many other instances. Banks can help by planning with clients and providing banking services.
Is interest applied to the saving account?
Yes, most savings accounts pay interest.
What do banks do with some of the profits they make loaning out the money in their customers saving accounts?
pay interest on savings accounts
What is current interest rate on saving account issued by rbi?
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
Are there risks in a savings account?
There are no risks in a savings account. The bank is entitled to pay you the money you have saved in your account anytime you wish to withdraw it. Even if the bank goes bankrupt, the central banks of the corresponding country would be able to pay you off till a certail limit. For example in India if your bank goes bankrupt, the RBI would pay you till a limit of Rs. 1 lakh. Hence saving accounts are pretty safe.
What is on differences between a checking account and a saving account?
A checking account is one in which you keep a certain amount of money and use it for your regular day to day transactions. For ex: to pay your phone bill, to pay for your groceries etc. Banks usually do not give you a significant interest on your deposit in this account because of the liquid nature of the account and because you can withdraw your funds anytime you want. A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
What is the difference in a checking account and a saving account?
A checking account is one in which you keep a certain amount of money and use it for your regular day to day transactions. For ex: to pay your phone bill, to pay for your groceries etc. Banks usually do not give you a significant interest on your deposit in this account because of the liquid nature of the account and because you can withdraw your funds anytime you want. A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
